As noted yesterday in our newsletter, IOTA was indeed coiling up for another breakout as it rejected the central moving average of the KRI
, and broke out from the dragon head pattern, testing the upper bound of the KRI
before letting up steam. It seems IOTA is a bit ahead of the other Altcoins in terms of the Elliott Wave
. It appears to have completed the corrective phase, and has begun the impulse phase of the next wave.
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